Southfield, MI, Could 21, 2026 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Firm” or “Sun”), an actual property funding belief (“REIT”) that owns and operates or has an curiosity in manufactured housing (“MH”) and leisure automobile (“RV”) communities, at present introduced that it has entered right into a definitive settlement to promote its UK property, together with the Park Holidays enterprise (“Park Holidays”) to funds affiliated with Aermont Capital (“Aermont”) in an all-cash transaction with an enterprise worth of £768 million (or roughly $1.03 billion).
This strategic transaction permits the Firm to totally concentrate on its core North American MH and RV portfolio whereas additional enhancing its monetary flexibility.
Below the phrases of the settlement, Aermont will purchase Park Holidays in an all-cash transaction. The whole money consideration acquired at closing is topic to sure customary locked field changes, inclusive of the money earnings of Park Holidays as much as the completion of the transaction.
Charles Younger, Sun’s Chief Government Officer, commented: “This thrilling transaction permits us to concentrate on and drive development via our core North American MH and RV platform. We’ll stay disciplined in our capital allocation method, which incorporates investing in our high-quality communities, figuring out engaging exterior MH and RV development alternatives and returning capital to shareholders.
We want to thank your complete Park Holidays workforce for his or her dedication, partnership and contributions all through our possession. We admire all that we now have achieved collectively and consider the enterprise is well-positioned for continued success beneath Aermont’s possession.”
Jeff Sills, Park Vacation’s Chief Government Officer, added: “We’re grateful for Sun’s partnership and assist over the previous a number of years. Collectively, we now have continued to construct and strengthen Park Holidays, and I’m extremely happy with what our workforce has achieved. We sit up for the following chapter for the enterprise beneath Aermont’s possession and stay excited in regards to the alternatives forward.”
Transaction Advantages
- Pure-Play MH and RV Focus. Publish-transaction North American MH and RV Actual Property NOI is anticipated to generate roughly 95% of Sun’s complete NOI.
- Reinforces Deal with Sturdy, Annual Revenue Streams. The transaction will increase Sun’s publicity to extra predictable income streams whereas enhancing the Firm’s development and margin profiles.
- Additional Enhances Monetary Flexibility. The proceeds generated by the transaction additional enhance Sun’s liquidity and credit score profile.
Timing
The transaction is topic to customary closing situations, together with receipt of a required regulatory approval from the UK Monetary Conduct Authority, and is anticipated to shut within the second half of 2026. There might be no assurances concerning the time limit or that the transaction will in the end be accomplished.
Advisors
Lazard Frères & Co. LLC is appearing as monetary advisor, and Jones Day and Taft Stettinius & Hollister LLP are appearing as authorized advisors to the Firm on the transaction.
Rothschild & Co is appearing as monetary advisor and Macfarlanes is appearing as authorized advisor to Aermont.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press launch incorporates numerous “forward-looking statements” inside the that means of the Securities Act of 1933, as amended, and the Securities Change Act of 1934, as amended, and the Firm intends that such forward-looking statements shall be topic to the protected harbors created thereby. For this function, any statements contained on this press launch that relate to expectations, beliefs, projections, future plans and techniques, tendencies or potential occasions or developments and related expressions regarding issues that aren’t historic information are deemed to be forward-looking statements. Phrases similar to “forecasts,” “intend,” “objective,” “estimate,” “count on,” “challenge,” “projections,” “plans,” “predicts,” “potential,” “seeks,” “anticipates,” “ought to,” “might,” “might,” “will,” “designed to,” “foreseeable future,” “consider,” “scheduled,” “steerage”, “goal” and related expressions are supposed to establish forward-looking statements, though not all ahead trying statements comprise these phrases. These forward-looking statements replicate the Firm’s present views with respect to future occasions and monetary efficiency, however contain recognized and unknown dangers, uncertainties and different components, each common and particular to the issues mentioned in or included herein, a few of that are past the Firm’s management. These dangers, uncertainties and different components might trigger the Firm’s precise outcomes to be materially completely different from any future outcomes expressed or implied by such forward-looking statements. In addition to the dangers disclosed beneath “Danger Elements” contained within the Firm’s Annual Report on Type 10-Ok for the yr ended December 31, 2025, and the Firm’s different filings with the Securities and Change Fee occasionally, such dangers, uncertainties and different components embody, however aren’t restricted to:
- The power of the Firm to finish the proposed sale of Park Holidays on a well timed foundation or in any respect;
- Dangers that the proposed sale of Park Holidays disrupts present plans and operations;
- The impacts of the announcement or consummation of the proposed sale of Park Holidays on enterprise relationships;
- The anticipated price associated to the proposed sale of Park Holidays;
- The power for the Firm to appreciate the anticipated advantages of the proposed sale of Park Holidays;
- The Firm’s liquidity and refinancing calls for;
- The Firm’s skill to acquire or refinance maturing debt;
- The Firm’s skill to keep up compliance with covenants contained in its debt amenities and its unsecured notes;
- Availability of capital;
- Common volatility of the capital markets and the market worth of shares of the Firm’s capital inventory;
- Will increase in rates of interest and working prices, together with insurance coverage premiums, actual property taxes, and utilities;
- Difficulties within the Firm’s skill to judge, finance, full, and combine acquisitions, developments, and expansions efficiently;
- Aggressive market forces;
- The power of purchasers of manufactured properties to acquire financing;
- The extent of repossessions of manufactured properties;
- The Firm’s skill to keep up efficient inner management over monetary reporting and disclosure controls and procedures;
- Expectations concerning the quantity or frequency of impairment losses;
- Modifications generally financial situations, together with inflation, deflation, vitality prices, the actual property trade, the results of tariffs or threats of tariffs, wars or different worldwide conflicts, commerce wars, immigration points, provide chain disruptions, and the markets inside which the Firm operates;
- Modifications in international foreign money trade charges, together with between the U.S. greenback and every of the British pound sterling, Canadian greenback, and Australian greenback;
- The Firm’s skill to keep up its standing as a REIT;
- Modifications in actual property and zoning legal guidelines and laws;
- The Firm’s skill to keep up rental charges and occupancy ranges;
- Legislative or regulatory modifications, together with modifications to legal guidelines governing the taxation of REITs;
- Outbreaks of illness and associated restrictions on enterprise operations;
- Dangers associated to pure disasters similar to hurricanes, earthquakes, floods, droughts, and wildfires; and
- Litigation, judgments or settlements, together with prices related to prosecuting or defending claims and any adversarial outcomes.
Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date the assertion was made. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements included or included by reference into this doc, whether or not because of new info, future occasions, modifications within the Firm’s expectations or in any other case, besides as required by legislation.
Though the Firm believes that the expectations mirrored within the forward-looking statements are affordable, the Firm can not assure future outcomes, ranges of exercise, efficiency or achievements. All written and oral forward-looking statements attributable to the Firm or individuals appearing on the Firm’s behalf are certified of their entirety by these cautionary statements.
About Sun Communities, Inc.
Sun Communities, Inc. is a REIT that, as of March 31, 2026, owned, operated, or had an curiosity in a portfolio of 515 developed properties comprising roughly 179,300 developed websites in the USA, Canada, and the UK.
For Additional Info on the Firm:
Sun Communities Investor Relations Staff
investorrelations@suncommunities.com
(248) 208-2500
www.suninc.com
